Market Newsdesk

JACKSONVILLE, Fla., Sept. 15, 2021 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE:FNF) (the “Company”) today announced that the Company’s President, Mike Nolan, Chief Financial Officer, Tony Park, and F&G’s President and Chief Executive Officer, Chris Blunt, will participate in a fireside chat at the KBW Title Insurance Day at 10:00 a.m. Eastern Time on Tuesday, September 21, 2021. 

A live webcast and replay of the presentation will be available through FNF’s Investor Relations website at www.fnf.com. Management will also be available for one-on-one and small group meetings with investors.

About Fidelity National Financial, Inc.

Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation’s largest title insurance company through its title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York – that collectively issue more title insurance policies than any other title company in the United States. More information about FNF can be found at www.fnf.com.

About F&G

F&G is part of the FNF family of companies. F&G is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of annuity and life insurance products and is headquartered in Des Moines, Iowa. For more information, please visit www.fglife.com.

FNF-G

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SOURCE Fidelity National Financial, Inc.

BALTIMORE, Sept. 15, 2021 /PRNewswire/ — Laureate Education, Inc. (NASDAQ: LAUR) (the “Company”) today announced that its board of directors (the “Board”) approved a plan of partial liquidation (the “Plan”) in connection with the previously disclosed sale of Walden e-Learning LLC (the “Sale”). Pursuant to the Plan, the gross proceeds from the Sale, less expenses related to the Sale, will be distributed to the Company’s stockholders before the end of calendar year 2022. Notwithstanding the adoption of the Plan, the Company expects to continue operating as a going concern and a publicly traded company.

The Company also announced today that, after the adoption of the Plan, the Board approved the payment of a special cash distribution (the “Distribution”) pursuant to the Plan equal to $7.01 per each share of the Company’s Class A common stock, par value $0.004 per share, and Class B common stock, par value $0.004 per share, to each holder of record of the common stock on October 6, 2021. The Distribution is scheduled to be paid on October 29, 2021. Based on the current number of shares outstanding, the aggregate amount of the Distribution is expected to be approximately $1.29 billion.

Gross proceeds from the Sale include $74 million held in escrow and approximately $84 million of restricted cash related to collateralized regulatory obligations associated with activities of the divested business. In accordance with the Plan, upon release of escrow amounts and restricted cash, the Company intends to subsequently distribute to stockholders any net proceeds from such amounts in the form of special distributions before the end of calendar year 2022.

Summary of Material U.S. Federal Income Tax Consequences to the Receipt of the Distribution

The Distribution will be taxable to holders of Company common stock. The Company will treat the Distribution as a partial liquidation for federal income tax purposes as the Company obtained a private letter ruling from the Internal Revenue Service that, in summary, provides that the Distribution will be treated as a distribution in partial liquidation. As a result, each holder of Company common stock that is not a corporation (for this purpose any stock held by a partnership, estate or trust will be treated as if it were actually held proportionately by its partners or beneficiaries) (a non-corporate shareholder) will be treated as having a portion of their Company common shares redeemed and will recognize gain or loss equal to the difference between the cash received by them in the Distribution and their adjusted tax basis in the Company common stock deemed to have been exchanged therefor. Each corporate shareholder generally will be required to treat the Distribution as a dividend for federal income tax purposes to the extent of the Company’s current and accumulated earnings and profits (as determined for federal income tax purposes).

All holders of Company common stock should consult their own tax advisors to determine the particular tax consequences to them of the Distribution, including the applicability and effect of any U.S. federal, state, local, non-U.S. and other tax laws.

Forward-Looking Statements

This press release includes certain statements which contain “forward-looking statements” within the meaning of the federal securities laws, which involve risks and uncertainties. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates” or similar expressions that concern our strategy, plans or intentions. In particular, statements regarding the impact of the Distribution and the amount, timing, process, tax treatment and impact of any future special distributions under the Plan represent forward-looking statements. Forward-looking statements are based on the Company’s current expectations and assumptions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from our expectations are disclosed in our Annual Report on Form 10-K filed with the SEC on February 25, 2021, our Quarterly Reports on Form 10-Q filed and to be filed with the SEC and other filings made with the SEC.

About Laureate Education, Inc.

Laureate Education, Inc. operates five universities across Mexico and Peru, enrolling more than 350,000 students in high-quality undergraduate, graduate, and specialized degree programs through campus-based and online learning. Our universities have a deep commitment to academic quality and innovation, strive for market-leading employability outcomes, and work to make higher education more accessible. At Laureate, we know that when our students succeed, countries prosper, and societies benefit. Learn more at laureate.net.

Investor Relations Contact:

[email protected]

Media Contact:

Adam Smith

Laureate Education, Inc.

[email protected] 

U.S.: +1 (443) 255 0724

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SOURCE Laureate Education, Inc.

TEMPE, Ariz., Sept. 15, 2021 /PRNewswire/ — Benchmark Electronics, Inc. (NYSE: BHE) today announced that its Board of Directors declared a quarterly dividend of $0.165 per share, payable on October 14, 2021 to shareholders of record at the close of business on September 30, 2021.

About Benchmark Electronics, Inc.
Benchmark provides comprehensive solutions across the entire product life cycle by leading through its innovative technology and engineering design services, leveraging its optimized global supply chain and delivering world-class manufacturing services in the following industries: commercial aerospace, defense, advanced computing, next generation telecommunications, complex industrials, medical, and semiconductor capital equipment. Benchmark’s global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.

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SOURCE Benchmark Electronics, Inc.

DOVER, Del., Sept. 15, 2021 /PRNewswire/ — On September 22-23, 2021, management from Chesapeake Utilities Corporation (NYSE:CPK) (the “Company”) will participate in the Sidoti & Company 2021 Fall Virtual Small Cap Conference. The Company will virtually join members of investment firms in a series of one-on-one meetings as scheduled through Sidoti & Company. Additionally, the Company is scheduled to make an investor presentation at the conference on Thursday, September 23, 2021 from 1:45 PM to 2:15 PM ET. A copy of the presentation will be made available prior to the conference in the “Investors” section of the Company’s website, sub-section “Events and Presentations” (www.chpk.com).

About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses. Information about Chesapeake Utilities Corporation’s businesses is available at www.chpk.com and on the Annual Report Microsite at cpkannualreport.com.

Please note that Chesapeake Utilities Corporation has no affiliation with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.

For more information, contact:
Alex Whitelam
Head of Investor Relations
[email protected]
215-872-2507

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SOURCE Chesapeake Utilities Corporation

SAN DIEGO, Sept. 15, 2021 /PRNewswire/ — Halozyme Therapeutics, Inc. (NASDAQ: HALO) today announced that Elaine Sun, senior vice president and chief financial officer, will present at the 2021 Cantor Virtual Global Healthcare Conference on Tuesday, September 28, 2021 at 1:20 p.m. Eastern Time / 10:20 a.m. Pacific Time.

An audio-only direct link of the presentation can be accessed through the “Investors” section of www.halozyme.com, and a recording will be made available for 6 months following the event. To access the link, please visit Halozyme’s website approximately 10 minutes prior to the presentation to register and download any necessary audio software.

About Halozyme
Halozyme is a biopharmaceutical company bringing disruptive solutions to significantly improve patient experiences and outcomes for emerging and established therapies. Halozyme advises and supports its biopharmaceutical partners in key aspects of new drug development with the goal of improving patients’ lives while helping its partners achieve global commercial success. As the innovators of the ENHANZE^® technology, which can reduce hours-long treatments to a matter of minutes, Halozyme’s commercially-validated solution has touched more than 500,000 patient lives via five commercialized products across more than 100 global markets. Halozyme and its world-class partners are currently advancing multiple therapeutic programs intended to deliver innovative therapies, with the potential to improve the lives of patients around the globe. Halozyme’s proprietary enzyme rHuPH20 forms the basis of the ENHANZE^® technology and is used to facilitate the delivery of injected drugs and fluids, potentially reducing the treatment burden of other drugs to patients. Halozyme has licensed its ENHANZE^® technology to leading pharmaceutical and biotechnology companies including AbbVie, Alexion, argenx, Baxalta, Bristol-Myers Squibb, Horizon, Janssen, Lilly, Pfizer, Roche and ViiV Healthcare. Halozyme derives revenues from these collaborations in the form of milestones and royalties as the Company’s partners make progress developing and commercializing their products being developed with ENHANZE^®. Halozyme is headquartered in San Diego. For more information visit Halozyme.com and connect with us on LinkedIn and Twitter.

Contact:

Al Kildani

Vice President, Investor Relations and Corporate Communications
858-704-8122
[email protected]

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SOURCE Halozyme Therapeutics, Inc.

LOS ANGELES, Sept. 15, 2021 /PRNewswire/ — Mercury General Corporation (NYSE: MCY) announced today that Victor Joseph has been named to the newly created position of Executive Vice President & Chief Operating Officer (EVP & COO) effective January 1, 2022. Victor’s leadership responsibilities will expand beyond his current position of Vice President & Chief Underwriting Officer, which he has held since 2017, to include oversight of Advertising & Public Relations, Claims, Human Capital, Information Technology, Marketing and Product Management, in addition to Underwriting. Victor will report directly to Gabriel Tirador, President and Chief Executive Officer.

“This announcement defines and strengthens Mercury’s leadership structure and underscores our vision for the future of the Company,” said Tirador. “Victor has been a key member of Mercury’s leadership team for several years and during this time he has transformed the way Mercury underwrites risk. His commitment to creative problem solving and his deep-rooted passion for our customers, Mercury and the industry will help cement our Company’s position well into the future.”

In his role as Chief Underwriting Officer, Victor has been instrumental in updating and creating new protocols to measure risk. In Mercury’s homeowners line of business, Victor and his team developed new ways of defining risk in fire-prone areas – recognizing and assessing the value of homeowner and community efforts to safeguard property from natural disasters. While complex, these new metrics enable Mercury to better measure risk and provide enhanced coverage and service to its policyholders.

Victor has held several positions at the Company since 2009, but has been a part of the Mercury family his entire life. His father, George Joseph, founded Mercury in 1961 and recently celebrated his 100^th birthday. The senior Mr. Joseph holds the title of Chairman of the Board.

Victor lives in Los Angeles with his wife and two children. He earned an MBA from the UCLA Anderson School of Management and a Bachelor of Arts in Economics from Harvard University.

About Mercury General Corporation

Mercury General Corporation and its subsidiaries are a multiple-line insurance organization predominately offering personal automobile, homeowners and business insurance through a network of independent agents in Arizona, California, Florida, Georgia, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia.  Since 1962, Mercury has specialized in offering quality insurance at affordable prices.  For more information, visit www.mercuryinsurance.com or Facebook and follow the Company on Twitter.

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SOURCE Mercury General Corporation